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BlackRock Global Allocation Fund has increased its BTC investment exposure through IBIT, with the value of holdings reaching 47.4 million US dollars

BlackRock Global Allocation Fund has increased its BTC investment exposure through IBIT, with the value of holdings reaching 47.4 million US dollars

Bitget2025/03/28 03:42

The BlackRock Global Allocation Fund, which manages about $15.8 billion in diversified assets, has increased its BTC investment exposure through the Bitcoin exchange-traded fund IBIT. According to documents submitted to the U.S. Securities and Exchange Commission (SEC), as of January 31, 2025, the fund held 821,664 shares of IBIT (worth up to $47.4 million, accounting for 0.25% of the portfolio). In contrast, it only held 43,000 shares at the end of Q1 in 2024. This indicates that BlackRock's Global Allocation Fund's investment in Bitcoin continues to show an upward trend.

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